SHW sets slim range for small-cap issue
The joint bookrunners for a Eu88m IPO of German car parts maker SHW put out a narrow price range for the deal on Thursday, taking a realistic approach to market conditions and hoping that a core investor base among long-only German funds will drive the deal.
SHW, a car emissions-reducing components firm that through its background as a smelting works traces its history back to 1365, will sell shares at between Eu26-Eu29 each.
The range, with the top end just 11.5% above the bottom, is one of the skinniest in Europe so far this
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